Dover Corporation $DOV Stock Holdings Boosted by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of Dover Corporation (NYSE:DOV) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 93,284 shares of the industrial products company’s stock after acquiring an additional 11,183 shares during the period. Natixis Advisors LLC owned 0.07% of Dover worth $18,213,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. New Mexico Educational Retirement Board grew its position in shares of Dover by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 6,333 shares of the industrial products company’s stock worth $1,236,000 after acquiring an additional 100 shares during the last quarter. SCS Capital Management LLC bought a new position in Dover in the 4th quarter valued at about $201,000. Rothschild Wealth LLC bought a new position in Dover in the 4th quarter valued at about $294,000. Clear Harbor Asset Management LLC grew its position in Dover by 2.4% in the 4th quarter. Clear Harbor Asset Management LLC now owns 41,483 shares of the industrial products company’s stock valued at $8,099,000 after buying an additional 992 shares in the last quarter. Finally, Waterloo Capital L.P. bought a new position in Dover in the 4th quarter valued at about $489,000. Institutional investors own 84.46% of the company’s stock.

Dover Price Performance

Shares of NYSE DOV opened at $214.93 on Friday. Dover Corporation has a twelve month low of $158.97 and a twelve month high of $237.54. The company has a current ratio of 1.87, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $28.94 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.63 and a beta of 1.17. The firm has a 50-day moving average of $214.98 and a two-hundred day moving average of $209.23.

Dover (NYSE:DOV) last issued its quarterly earnings results on Thursday, April 23rd. The industrial products company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.01. Dover had a net margin of 13.30% and a return on equity of 18.01%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the company earned $2.05 EPS. Dover’s revenue was up 10.1% on a year-over-year basis. Dover has set its FY 2026 guidance at 10.450-10.650 EPS. As a group, analysts expect that Dover Corporation will post 10.62 earnings per share for the current fiscal year.

Dover Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Dover’s dividend payout ratio is presently 25.94%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Dover from $237.00 to $250.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Wells Fargo & Company upgraded shares of Dover from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $210.00 to $230.00 in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $229.00 target price on shares of Dover in a research report on Friday, April 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $252.00 target price on shares of Dover in a research report on Friday, April 24th. Finally, Morgan Stanley increased their target price on shares of Dover from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $238.79.

About Dover

Dover Corporation is a diversified global manufacturer of industrial products, components and specialty systems that serve a wide range of commercial and industrial end markets. Headquartered in Downers Grove, Illinois, the company has built a portfolio of operating businesses that design, manufacture and distribute engineered equipment, aftermarket parts and related services for customers around the world.

Dover’s activities span several product and solution categories, including fluid-handling and pumping systems, material handling and processing equipment, refrigeration and foodservice technologies, product identification and printing systems, precision components and automation and sensing solutions.